FIFO Valuation process is maintained in two ways in SAP Material Ledger; 1st is via Batch Input Method, 2nd is via Balance Sheet Valuation Method.
In this document, configuration steps of Balance Sheet Valuation Method is explained with an example scenario.
- Activating FIFO Valuation (OMWE)
- Defining Valuation Levels (OMWL)
- Define FIFO Relevant Movement Types (OMW4)
- Define FIFO Methods (OMWP)
- Configure FIFO Valuation Areas (Defining Base Year)